There will be smiles around San Francisco Bay with the announcement that America’s Cup style racing is set to return to the venue of the 34th America’s Cup.

A bold plan by Tom Ehman, whose experience with the Cup dates back to 1977, will see racing resume on an annual basis in updated 12 Metre yachts – which were the preferred Cup class from 1956 to 1987.

The new event will reflect the true spirity of the America’s Cup Deed of Gift, with competition being between yacht club teams comprised only of nationals from that club’s country.

The new event is being masterminded by Tom Ehman who is currently the Vice Commodore of the Golden Gate Yacht Club, the body charged under the 19th century Deed of Gift, which governs the conduct of the America’s Cup, with the organisation of the 35th America’s Cup.

The America’s Cup Events Authority is the body responsible under the Protocol for the organisation of the next Match, but it created a great deal of angst amongst the San Francisco sailing fraternity when it decided not to Defend in its home waters, and took the Cup Defence to Bermuda.

That frustration has spawned the new event, coupled with the desire of San Francisco sailors to maintain their place on the international sailing vista.

Unlike the America’s Cup the new San Francisco event will carry half a million dollars in prizemoney, and will be a lot lower costs of entry, with a figure of $1million being touted as the annual cost to run a team.

The benefit for sponsors is that they will get annual exposure for their outlay, as opposed to the once every three/four years with the current Cup plus what can be obtained from the America’s Cup World Series – a three day event which will be sailed three times this year, and with only three venues announced for 2016

Speaking with Associated Press, Ehman said he envisions the Golden Gate Challenge as the Wimbledon of yacht racing in that it will be held every year at the same venue. Unlike the America’s Cup, all teams will be challengers, meaning they’ll start on equal footing each year.

To be named the Golden Gate Yacht Racing Challenge, the new event is being launched at a time when many in the sailing world have questioned the vision for the 35th America’s Cup of Larry Ellison and Russell Coutts, which has so far lost two of its Challengers of Record in the first 18 months of the 35th America’s Cup cycle.

Ehman said he hopes to attract team owners who have been priced out of the America’s Cup or turned off by recent turmoil.

‘This is an opportunity to do something for the sport and the former cup community,’ Ehman said from San Francisco.

Ehman told Bernie Wilson of the Associated Press that he’s working to secure event sponsors and teams.

‘I think this is the best venue in the world for showcasing yacht racing and that was shown in the last cup,’ he said. ‘There’s a crying need in the world of yacht racing for such an event, especially in monohulls and especially in a lot of breeze. We’re seeing that because of what’s happening or not happening in other parts of the sport and in other parts of the world.’

The move is sure to raise the hackles of the America’s Cup Events Authority, a privately owned company charged by the Golden Gate Yacht Club with the commercial and event management activities surrounding the 35th America’s Cup, now removed to Bermuda.

Technically Ehman is part of a management structure to which ACEA reports, however his position is also understood to be voluntary, and ACEA would have few options open to shut down this new initiative or Ehman’s involvement in promoting a new sailing event in a venue deserted by ACEA.

Ehman remains vice commodore of the Golden Gate Yacht Club, which is the America’s Cup trustee. He said his regatta is not affiliated with the GGYC and won’t compete with the America’s Cup. It is believed the new event will be hosted by all Bay area yacht clubs, and existing facilities will be used for team bases

‘I think the America’s Cup is off on its own and always has been,’ Ehman said. ‘The America’s Cup will survive the current situation. There is obviously strong interest in monohull racing with strong teams, in boats everyone has heard of and loves. There is a nostalgia and romance with the 12-meters, and to have those boats racing in a lot of breeze on San Francisco Bay where people can watch it, it will remind people of how great the America’s Cup was in Fremantle in 1987 in windy conditions in 12s.’

Ehman told AP that he’s having designers look at modernizing the 12s and hopes to keep the cost below $3 million per boat. All boats would have the same hull shape, which would make the regatta a test of sailing skill rather than a design competition, helping to hold down costs.

I unexpectedly received at Christmas a copy of Ed du Moulin’s book “My Life”. During the Jubilee in 2001 at Cowes Ed came aboard “Columbia” the 12 meter along with Jim Hardy and presented me with a copy of his book ” The America’s Cup and Me”.

I am a big fan of autobiographies.I have already read the book cover to cover; finding so many familiar names entwined in the stories found there.

I raced to Spain with Rich in 1972 aboard “Charisma” belonging to Jesse Philips. I found the stories that Rich would have told his father in the book. I look back at these events fondly, and have only the best memories of all the crew.

Jesse was in the process of divorcing his wife of 27 years. He spent so much time on the SSB that he would run the batteries down. We told Jesse that he had to be careful. His response was that Huey Long on “Ondine” seemed to have no problem , why was it that he did?

Copies of these books are available by contacting the Herreshoff Marine Museum in Bristol Rhode Island.